Barclays Reaffirms Overweight Rating for Vodafone Group (VOD)
Vodafone Group (LON:VOD)‘s stock had its “overweight” rating reaffirmed by analysts at Barclays in a research note issued on Tuesday, MarketBeat Ratings reports. They currently have a GBX 200 ($2.61) price objective on the cell phone carrier’s stock. Barclays‘s target price would suggest a potential upside of 60.10% from the stock’s previous close.
Other analysts have also issued research reports about the company. Kepler Capital Markets raised Vodafone Group from a “reduce” rating to a “buy” rating and cut their price objective for the stock from GBX 180 ($2.35) to GBX 160 ($2.09) in a research report on Monday, January 28th. Deutsche Bank reaffirmed a “buy” rating on shares of Vodafone Group in a research report on Monday, January 28th. JPMorgan Chase & Co. set a GBX 230 ($3.01) price objective on Vodafone Group and gave the stock a “buy” rating in a research report on Monday, January 28th. Credit Suisse Group set a GBX 225 ($2.94) price objective on Vodafone Group and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 230 ($3.01) price objective (down previously from GBX 230 ($3.01)) on shares of Vodafone Group in a research report on Thursday, January 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. Vodafone Group has an average rating of “Buy” and a consensus price target of GBX 186.61 ($2.44).
Vodafone Group stock opened at GBX 124.92 ($1.63) on Tuesday. Vodafone Group has a twelve month low of GBX 131 ($1.71) and a twelve month high of GBX 211.55 ($2.76). The company has a debt-to-equity ratio of 81.54, a quick ratio of 1.28 and a current ratio of 1.30. The firm has a market cap of $33.84 billion and a PE ratio of -4.43.
About Vodafone Group
Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.
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